...truly Sovereign countries in the world. They are the U.S., Russia, China, and the Anglo-Frank-German alliance known as the "EU".
These are the countries that have independent Militaries. All other countries are purchasers who are by definition removed from the cutting edge of technology from their suppliers.
Please do remember this when someone offers you an investment in a product denominated in a "hard currency" that does not belong to the above list.
This holds doubly when one of the members of the list jumps into pole position by selling a large tranche of bonds. Russia has certainly unnerved a number of its competitors by this maneuver, as all emerging markets are now wondering if they missed the window to issue their own bonds.
A very clever move, which I am certain has nothing to do with the financing requirements of the Verizon/Vodafone deal or Syria...
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